Economy
Lagos Partners FMDQ to Float N25bn Green Bond
By Ashemiriogwa Emmanuel
The Lagos State government is planning to float a N25 billion green bond programme to be listed on the FMDQ Securities Exchange.
On Tuesday, the state governor, Mr Babajide Sanwo-olu, signed a Memorandum of Understanding (MoU) with the FMDQ Group and Financial Sector Deepening (FSD) Africa for the proposed transaction, which is aimed at financing sustainable projects in the metropolis.
The signing of the deal is coming after the state was upgraded to AAA (nga) rating from AA+ (nga) by Fitch International for its good standing on debt sustainability and resilience.
According to Mr Sanwo-Olu, the green bond programme is targeted at raising the capacity of the state government to deliver more key infrastructure and social projects that would keep Lagos on the path of prosperity.
Being supported by the UK Agency for International Development (UK Aid), the signing of the MoU signifies Lagos State as the first sub-national government to tap into the framework for the unlocking of the $1 trillion Nigerian green bond market development programme.
This programme was launched in 2018 to facilitate the development of a green bond market that will impact the sovereign and non-sovereign bond markets in the country.
Speaking on Tuesday at the State House in Marina, where the agreement was sealed, Mr Sanwo-Olu said, “As a government, we are committed to utilising our limited resources more efficiently to create a circular economy, which is a promising and viable alternative.
“Public spending and investments may not be enough to deliver our key objectives; therefore, the need to tap into more private investments for the transition to a zero-waste and circular economy, as well as achieving crucial items of the Sustainable Development Goals (SDGs).”
He said that the green investment will activate deeply sustainable funds for infrastructure and social development for the country’s economic hub, Lagos, adding that the green finance network will further pull investors into the market.
In his contribution, the Chief Executive Officer of FMDQ Group, Mr Bola Onadele, while expressing excitement over the financial move, said that there it signals the readiness of partners to support the state in unlocking the capital to fund key projects.
“I have no doubt that the implementation of this MoU and the impact thereof will ensure that Lagos continues to set itself apart, support its developmental aspirations and highlight its sustainability efforts at the global green and sustainable financial ecosystem.
“We are excited about this opportunity to support the developmental aspirations of Lagos,” Mr Onadele said.
The event was witnessed by the CEO of FSD Africa, Mr Mark Napier; the Commissioner for Finance, Mr Rabiu Olowo; all parties under the supervision of the State Attorney General and Commissioner for Justice, Mr Moyo Onigbanjo, and the British Deputy High Commissioner, Mr Ben Llewelly-Jones.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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